NEW YORK (AP) - Prescription drug distributor McKesson Corp. says its fiscal
2008 fourth-quarter profit rose 20 percent on sales boosts in both its
distribution and technology units.
The San Francisco-based company earned $307 million, or $1.05 per share,
compared with profit of $257 million, or 85 cents per share, during the same
period a year prior.
Income from continuing operations -- which excludes results from businesses
that have been, or are in the process of being sold -- totaled $1.04 per share.
Revenue rose 9 percent to $26.23 billion from $24.17 billion.
Analysts polled by Thomson Financial expected profit of $1 per share on
revenue of $26.83 billion.
Sales in the distribution unit increased 8 percent while sales in the
technology unit rose 19 percent, driven by the buyout of Per-Se Technologies
Inc.
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